Tax rules and their impact on intergenerational farm business transfers

There are tax advantages that make transferring a farm, fishing or small business corporation to a family member the same tax as selling to a third party.

Marc St-Roch, FCPA, MTax. and tax specialist at SCF Conseils, a Quebec-based professional services network, says the tax rules also specify eligibility criteria, particularly with respect to capital gains.

Greater recognition of family transitions

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